Inflation rises to 12.40% in May – NBS



The National Bureau Statistics () says the Consumer Price Index (CPI) which measures inflation increased 12.40 cent -on- in May 2020.

The made this known in its latest CPI report released on Wednesday.

The bureau said this was 0.06 cent points higher than the rate recorded in April which was 12.34 cent.

It stated that the were recorded in all Classification Individuals Consumption by Purpose (COICOP) divisions that yielded the headline index.

It added that on month-on-month basis, the Headline index increased by 1.17 cent in May 2020, which was 0.15 cent rate higher than the rate recorded in April 2020 which was 1.02 cent.

According the bureau, the percentage change in the average composite CPI the 12 months period ending May 2020 over the average the CPI the previous 12 months period was 11.79 per cent, showing 0.08 points from 11.71 per cent recorded in April 2020.

“The urban inflation rate increased by 13.03 per cent -on- in May 2020 from 13.01 per cent recorded in April 2020, the rural inflation rate increased by 11.83 per cent in May 2020 from 11.73 per cent in April 2020.

“On a month-on-month basis, the urban index rose by 1.18 per cent in May 2020, up by 0.12 points from 1.06 per cent recorded in April 2020, the rural index also rose by 1.16 per cent in May 2020 up by 0.18 points from the rate recorded in April 2020 which was 0.90 per cent,” it explained. (NAN)